l start trading Cryptocurrency in the year 2015 as novice, l read lot of books on forex trading such as "Japanese Candlestick Charting Techniques author by Steve Nison" which l integrate the knowledge l got from those books into Cryptocurrency. l was mentor by great minds knowing when to buy and sell any Crypto Asset and hodl Crypto Asset that have high future potentials. Cryptocurrency trading is divide into two analysis which are briefly discussed below
1.Technical analysis: this are time frame price action movement of a Crypto Asset base on history. chart are study carefully to know how a Crypto asset have been trending within a period of time.This chart can be in form of a candle stick chart , line chart , bar chart . the chart i use is candle stick chart which helps me to know if the bears or the bulls are dominant in the market which is pointer . In technical analysis there are indicators that enhances my interpretation of the candle stick which are list below
i. RSI: this is the relative strength index . is the oldest of all indicators . this helps me to know when a coin is over bought or over sold
ii MA: this is the moving average that helps me to double check the average price movement of the coins/token
iii MACD: this is moving average convergence and divergence, this is the last indicator i used to test if a coin is at the support level or resistance level
outside this indicator there are others could help to enhance my trading such as Bollinger Bands,stochastic ,Ichimoku Kinko Hyo etc .
2 Fundamental Analysis:these are factors that might influence the price movement of any Crypto Asset such factors are frequent announcement and update of the Crypto Asset in social media , political influence ,economical influence.this is the first analysis l do before trading to find out from news channel such as Coincheck, CNN, Cointelegraph about negative and positive news with respect to any Crypto Asset.This help me to no when coin is about to be pump or dump.
laws l use in trading
1. The coin must have a big market size before trading
2. l trade only with what l can afford to lose
3. l don't use emotions to trade
4. l trade with Big exchanges
5 l use the stop loss features for trading
crypto asset l traded
1. NEO
2. BTC
3. XRP
Winning Strategy
i use three strategy that have make to increase my pofolio
1. volume : after my fundamental analysis l look for coins or token that have accumulate volumes and gathering momemtum
2. trending ; the trend is my friend after the laws of technical analysis have been broken .
3. scalping : when i see that number 1 and 2 strategy is fulfilled i scalp .
Trading Time frame
l use the 30mins time frame to scalp
My Risk management
risk management enable me to manage my portfolio and control how much am willing to lose or gain per trade, that is why l use stop loss . am ready to risk 10% of my porfolio to increase my portfolio by 25%. the risk ratio is 2:5 with respect to loss/gain.
Exchanges l have traded
l trade with big exchanges because of their features .
1. poloniex
2. binance
3. Bittrex
In conclusion my experience as crypto trader is that never be too anxious for price movement. Greed and Fear is the key factor that result to lost of Crypto Asset in trading .
Please kindly share your experience in trading so far to improve a member of the forum skills in trading Crypto Asset
Anyone who wants to trade perfectly must always leave their emotions out of it. And by the way, trading doesn’t work for everyone so there are still other ways anyone can increase what they have without having to trade, but don’t even go for poor methods such paid-to-click or Faucets and things that are similar to all that, they are just a waste of time. |
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There are suggestions to trade if looking for profits during this period. How and what to do to ensure maximum profits?
Or is it better to invest in top coins and play safe?
P.S.: Though honestly, I don't think anything is safe anyways.
None of them is safe, everything is moving the same direction, but anyone can still make profit if they trade the right away I believe. The market still fluctuates at all times even when it’s down there is still a little going up and going down, you can take advantage of the volatility at the time to continue making profit while the market is down. |
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Most likely you will hardly succeed in this way, although it seems that you can write a collective complaint somewhere, but the government and the police are unlikely to help!
In some places if the government care for the money of their citizens then they will take some action against those projects which have not fulfilled their promises and left their projects while the others which are going on their way and because of the market they are facing the problems the governments cannot take action. For that you have to wait for the good time to come in the crypto market. |
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I just got in touch with some arabic friends , any now teaching them about bitcoin minin
Thanks for all the efforts. Hope one day, Arabic friends will sell oil for bitcoin, not just dollars. That will enrich our Arabic friends enormously. The dollar bill they get devalue day by day. Probably that could be one of the reasons in the news; they have been trying as much as possible to clamor for a global regulation for the crypto space to at least get the space to mature pretty fast than it is now. It is a good thing to see those with some visions and high set of visionary leaders, seeing this as a means to make the market a lot more useful for them in the long run, which I see they are trying every means possible to at least tap from the cryptocurrency market as well as the blockchain technology, let's see how that will all be working out as we forge ahead. |
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With this market cycle we can't be guarantee about it. News and mind set of investors aren't positive in this situation. Lot of new investors are waiting for bull run. But with less experience they get panic always. i think even if there is bull run end of this year it will be small one.
You think investors are not positive? Wait until you get to see a huge bounce and then participation brewing in this market. You will be so surprised at the level at which a lot of people are actually looking forward to buy into the dip of this market. Sure, there is no doubt that we could end up seeing some little bit movement upward before the end of the year, one sure thing I know one way or the other, we might get to see, but what is important right now is the fact that this is a chance and a chance to be getting into the market, so it is best for no one to be wasting it. |
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I think that the cryptocurrency market may fall even lower. It seems to me that a good price for buying Bitcoin will be $ 3,000 per coin.
If anyone will wait for more longer for further drop in the price then they may lose the chance to buy now as in the coming week it is sure that the price of Bitcoin will boost high in value because of its listing on SIX exchange of Europe because of the Swiss ETF approval. If anyone want to invest in Bitcoin then the current time is the good time to buy now. |
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Early this year when ICO was making a good X return, I made some good money from ICO investing though i was investing with little amount of money, but it's as if the money i made have gone down the drain since the start of this bear market.
It is not only you who lost the value of their coins and their money invested in crypto currencies. All of the crypto community is in this condition but they do not think it as their lose because they know that a good time is ahead in the crypto and all of their money will be recovered in that market. Try to wait for the good time. You will again start to make profit. |
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Hey guys, what do you prefer, hold till the end or trading? I know that people who are holding are actually saving crypto from total fall. But is it profitable to hold?
At this time, I think a good strategy will simply be able to trade, I try as much as possible to study the information and learn how to trade than store As the coming time will be the good time for the crypto and as you said all of the coins fell down enough then in this case it is right that we have to invest in these coins as in the coming time these all coins will recover to its original price. We have to this this time as a chance for those who missed the previous time to get involved in the rally of crypto currencies. |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
I don't know what will be the scenario but so far the big indication is every time Bitcoin goes down all the altcoins followed and if Bitcoin regain so do all the altcoins, Bitcoin's price really has an impact on the altcoin world, so we must support and always stand for it, if we want this technology to continue. It is because people know that Bitcoin is the much stronger currency out of all and when they see losing their money in Bitcoin then they also do not trust on any other coin. For that reason I agree with you that we have to support Bitcoin as if people will see strength in Bitcoin then they will trust on all other coins and then the whole crypto market will be in full strength. |
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Ethereum now down position number three coin of coinmarketcap. XRP now top two number currency. So what is your thinking about Ethereum trading? Now I am hopeless. Maximum time I trade by Etheum. So Now I am disappointed for downfall of ethereum
Ethereum had problems with that also last year and I know that it will recover as much as what happened also on last years downtrend. Like bitcoin, eth has also made good moments in history. It becomes the most famous altcoin in last year and this year too people are using it. It is cheaper than bitcoin and gives better profits than other altcoins. |
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now the market is experiencing a drastic decline, but we have to use this to buy coins at low prices, indeed the market is currently experiencing difficulties to recover and prices are very difficult to rise but I'm sure this is only temporary, indeed almost all red coins in the market
Maybe it will be best if people stop focusing on buying the dips and find other ways they can rely much better on, instead of buying cheap price and putting their hopes on ‘price will rise again’ due to the past experience, what if it becomes different this time around? Anything can happen in Bitcoin, just like we never expected it to pump that much to $19000+ last year. So stop relying on that. |
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What cryptocurrency should I buy now?
Follow up with the news and be checking out coins with a lot if hype cause they are the ones which are worth putting your investment into. As for those ones that nobody knows about, don’t even go for them, cause they don’t achieve anything at last. You can go for coins like Stellar, Ripple, Monero and Litecoin. |
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Currently, Monero is the 10th largest coin by market capitalization. Crypto miners are attracted to Monero because it has emerged as the most profitable altcoin in the past few months. A research firm Satis Group, which forecasts the cryptocurrency market and the fate of individual cryptocurrencies, published a reporting stating that Monero could be worth $18,000 within the next five years. That represents a more than an 18,000% increase from its present value, which stands at just over $106. From" Monero's price: all you need to know" How do you think about XMP? Another BTC? Lol this is a funny question . You didn’t even mention coins that are way more better and you’re talking about Monero. Well, Monero (XMR) is a good coin and the reason for a lot of people liking this coin is because of the privacy it gives. Uuhmm… somecoins has something that makes them better than others,but I don’t think everyone is interested in that privacy of a thing. |
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I still can not understand where such questions come from. All have already been convinced many times that hardware wallets are the most reliable solution for the safety of your assets. This is a cheap and completely reliable tool. At the moment, the choice of such devices is quite large and they are all reliable.
There's nothing that is 100% secure. You may lose your money even in the safest banks. Hardware wallets are also vulnerable when you unsafely plug it into your pc. Even if you turn it off, your pc might be hacked. Lol, have your money ever got missing from your bank account? Funny. Banks are safe and you can’t lose money just like that. And as for cryptocurrencies, if you make mistake in the address you’re sending to the money will be gone for good and there is no way you can recover it. If you also make use of a fake wallet, you can lose money through it. Everything here is all about being careful. |
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Lots of Research
Buying Low
Patience, plenty of it
Sell High
CanYa Coin CAN will make you super rich $$$
Even with all that which you have mentioned, when it comes to losing money, which is not something that is avoidable. When making plans for trade, you have to consider when you are entering your position based on the signal you see, when you should be selling as well based on the signal you are looking at, and in the case of things not turning out as expected, where you want to be looking at stopping loss, which is the main reason why for every trader, there is a great importance to know how to manage risks, otherwise you will just be gambling your position back and forth in the market without a proper plan. |
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As we all have seen ripple has been quite strong these past few days and with all that it has done over the past months compared to most other currencies and the launch of xrapid is actually starting to show in its price.
There is so much talk about ripple taking over bitcoin and being 10$ what are your thoughts on this ?
I don’t know for sure but there is a huge gap. People also said the same thing about Ethereum last year that it will soon take over the position of first from Bitcoin, but that didn’t happen. Maybe we shouldn’t be comparing altcoins to Bitcoin (BTC) because it will always top them at all times. Altcoins should just be compared among themselves, while BTC takes the lead as a whole. |
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Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
Scammers don’t show themselves to the public and sometimes its easy for them to escape when they carry out their scam through cryptocurrency, cause you can’t really trace them sometimes. So you just have to be careful and avoid them before it happens. But when they are caught there is always a punishment for it, they are not allowed to go free. |
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Today it's possible to earn some crypto while you are doing bounty or airdrop. When you recieve your token, you will go to exchange and sell them dor eth. It's the easiest way as for me.
Mostly people here earned ethereum from the rewards on bounty campaign because that is the easiest way though it is hard to find good project because sometimes failed that cause for earning nothing or even pay but the token never been listed on the exchange and become a shitcoin. There was where I also started to earn when projects are quite good. Not even the highest bounty can pay you enough, since you’re not the only one aware of it, there are also a lot of people that will join and the money will be shared amongst everyone. There is nothing to make you enough money here, although signature campaign seems like a good choice, but others won’t work that much. It’s still best to invest money and try your luck. Or maybe you can raise a little money from signature campaigns and invest it later. |
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Listen to the forecasts and do not know who to believe. Some say the end of autumn will begin the recovery of the market, others for the winter and cite the facts that it will happen and others say that it will happen by 2020. Guess and no one knows anything for sure.
I have seen and heard a lot of things about what will be the outcome before the end of this year. Some people have even claimed that the ETF will put banks in charge and that they will start to manipulate the price of Bitcoin. But I don’t think that is true, neither government nor banks can control the Blockchain. The Blockchain cannot be controlled by anyone. |
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I joined crypto some months ago now. As at the time I joined crypto, ETH was around 700$ compared to around 1000$ it was January this year. The value of ETH now is around 202$.In my findings, I discovered that ETH was below 50$ early 2015. With all these trends, which season can we say ETH is tending towards now because some believe it will rise above 1000$ before the close of this year while others say it will keep going down. Which season are we? Let me know your opinion.
It might still go down, but don’t quit, there is no reason for you selling it while you have already lost close to an 80%. ETH time comes when it’s also bitcoin time to shine, and I don’t think that will be anytime soon, so be planning on Hodling for a long time, maybe till next year ends. There might be an increase before this year ends but I don’t think it will be much. |
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